Flora Growth Corp. (NASDAQ: FLGC) Breaks Out of M&A Gate in 2022

Rhea-AI Summary

Flora Growth Corp. (NASDAQ: FLGC) announces its commitment to M&A activity in 2022 following a record $5.9 trillion in global M&A transactions in 2021, which saw numerous 'megadeals'. The company is enhancing its operational fundamentals by hiring key personnel and finalizing acquisitions that will contribute significant revenue. With a diverse product portfolio serving over 500,000 customers, Flora Growth aims to leverage its outdoor cannabis cultivation for various wellness and lifestyle products.

Positive

• Record M&A activity signals strong market conditions.
• New acquisitions expected to boost immediate revenue and earnings.
• Diverse product portfolio with over 500,000 customers enhances market presence.

Negative

• None.

NEW YORK, March 04, 2022 (GLOBE NEWSWIRE) -- NetworkNewsAudio -- Flora Growth Corp. (NASDAQ: FLGC) announces the availability of a broadcast titled, “2022 Primed after 2021’s Record M&A Deals.”

To hear the AudioPressRelease, please visit: The NetworkNewsAudio News Podcast

To view the full editorial, please visit: https://nnw.fm/5Ae41

A record $5.9 trillion in M&A activity in 2021 may have reflected some pent-up demand from slower activity in the previous three years, catapulting 2021 to easily surpass the previous record set in 2015 of approximately $4.5 trillion. According to professional services firm PriceWaterhouseCoopers’ Deals 2022 Outlook, there were more “megadeals” (transactions of $5-plus billion) in 2021 than ever before and more than 800 deals between $500 million and $5 billion, far exceeding a typical year of 400 to 500. ...

Flora Growth Corp. is not only writing its own playbook on M&A, it’s also coming out the gate fast in 2022, strengthening fundamentals, hiring new key team members and closing another acquisition, one that will immediately add substantial revenue and earnings to the books. Flora Growth’s product portfolio spans a variety of verticals and diverse revenue streams now serving more than 500,000 customers, including but not limited to Tonino Lamborghini, Vessel Brand Inc., Stardog Loungewear, Mambe and Mind Naturals skincare, all goods carefully crafted and targeted for the end consumer.

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands delivering the most compelling customer experiences in the world, one community at a time. As the operator of one of the largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage.

For more information about this company, visit www.FloraGrowth.ca or follow @floragrowthcorp on social.

NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC.

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FAQ

What new acquisitions has Flora Growth Corp. announced for 2022?

Flora Growth Corp. is finalizing acquisitions that will contribute significant revenue and earnings to the company.

How many customers does Flora Growth Corp. serve?

Flora Growth Corp. serves over 500,000 customers across its diverse product portfolio.

What was the total value of global M&A activity in 2021?

Global M&A activity reached a record $5.9 trillion in 2021.

What does Flora Growth Corp.'s product portfolio include?

Flora Growth Corp.'s product portfolio includes wellness and lifestyle brands in cosmetics, hemp textiles, and food and beverage.

What is the significance of 'megadeals' in the M&A market?

'Megadeals' refer to transactions over $5 billion, and 2021 saw a record number of such deals, indicating strong market activity.